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Market sources said today that the latest catastrophe bond from reinsurance firm Munich Re, Queen Street IX Re Limited, will target up to $100m of retrocessional cover for the reinsurer. Pricing looks to be keen, as the guidance range has been lowered.

Two Queen Street catastrophe bond transactions, sponsored by reinsurance firm Munich Re, have been downgraded by S&P over a heightened risk that investors will not receive back 100% of the outstanding principal amount at maturity.

The world’s biggest reinsurance firm Munich Re is sponsoring Queen Street IX Re Limited, the second catastrophe bond the reinsurer has pitched to capital market investors which includes the diversifying peril of Australian cyclone risk.

Another of reinsurer Munich Re’s catastrophe bond transactions has been adversely affected by the uncertainty over the U.S. debt ceiling. Queen Street II Capital Ltd. has suffered a loss of principal in the collateral account due to a decline in its per-unit mark-to-market value.

Anyone who thought that catastrophe bonds were immune from the financial market uncertainty surrounding the U.S. debt ceiling has been proven wrong as Munich Re’s Queen Street III Capital Ltd. cat bond is placed on a negative credit watch due to collateral issues triggered by the debt ceiling issue.

Rating agency Standard & Poor’s has lifted the rating on one of reinsurer Munich Re’s catastrophe bonds after the transaction went through its annual reset. The Queen Street V Re Ltd. catastrophe bond was reset at the end of June and based on changes to payout factors due to a shift in Munich Re’s European […]

The world’s largest reinsurance company Munich Re has issued a statement regarding the successful completion of its latest catastrophe bond transaction, Queen Street VIII Re Limited. The cat bond is Munich Re’s seventh in the Queen Street series since 2011 and eighth Queen Street cat bond in total, the first was back in 2008.

The latest catastrophe bond transaction sponsored by the world’s largest reinsurance company Munich Re has had its price guidance lowered while the cat bond is marketed. Queen Street VIII Re Limited is Munich Re’s eighth cat bond to use Queen Street branding and is the first to feature Australian cyclone risk as one of the […]

Munich Re, the world’s largest reinsurance company, is bringing another of its Queen Street catastrophe bond deals to market, according to our sources, in Queen Street VIII Re Limited.  The eighth Queen Street cat bond includes what is sure to be seen as a diversification opportunity of sorts for investors, some rare (to the cat […]

Munich Re has released some comments on their recently completed Queen Street VII Re Ltd. catastrophe bond, the third to complete in recent days along with Mythen Re and Atlas Re VII which we covered earlier. This leaves the cat bond market pipeline a little quiet although we understand there will be more to come […]